BankUnited - BKU Stock Forecast, Price & News

BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based loans, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company also offers online, mobile, and telephone banking services. As of December 31, 2021, it operated through a network of 63 banking centers located in 13 Florida counties; and 4 banking centers in the New York metropolitan area. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.

Wall Street Analyst Weigh In

BKU has been the topic of several analyst reports. Piper Sandler upped their price objective on BankUnited to $40.00 in a research report on Friday, July 22nd. Wedbush upped their price objective on BankUnited to $40.00 in a research report on Friday, July 22nd. StockNews.com raised BankUnited from a "sell" rating to a "hold" rating in a research report on Friday, July 29th. Keefe, Bruyette & Woods cut BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 price objective on the stock. in a research report on Thursday, June 2nd. Finally, Wells Fargo & Company boosted their target price on shares of BankUnited to $45.00 in a research note on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $45.00.

BankUnited Trading Up 0.8 %

NYSE:BKU opened at $41.00 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.35 and a beta of 1.25. BankUnited has a one year low of $33.90 and a one year high of $46.75. The business has a fifty day moving average price of $37.08 and a 200-day moving average price of $40.17.

BankUnited (NYSE:BKU - Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). The company had revenue of $238.87 million during the quarter, compared to analysts' expectations of $245.42 million. BankUnited had a return on equity of 12.00% and a net margin of 32.13%. During the same quarter last year, the company earned $1.11 earnings per share. Sell-side analysts forecast that BankUnited will post 3.7 EPS for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.44%. The ex-dividend date was Wednesday, July 13th. BankUnited's dividend payout ratio is currently 25.25%.

Insider Buying and Selling

In related news, insider Jay D. Richards sold 7,415 shares of the company's stock in a transaction on Monday, June 6th. The shares were sold at an average price of $41.40, for a total value of $306,981.00. Following the completion of the transaction, the insider now owns 30,973 shares of the company's stock, valued at approximately $1,282,282.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.